Latest update April 16th, 2026 12:40 AM
Armed bandits rob store owner moments after arrival at home
– use bicycles to escape with $1M in cash
Three armed bandits made good their escape last evening after robbing a businessman of over $1M in cash, seconds after he returned to his East Coast Demerara (ECD) home.
Reports are that Muneshwar Persaud, a well known hardware store owner who resides at Coldingen, ECD, had just driven his vehicle into his yard and parked when the incident occurred.
He told Kaieteur News that he had his wife and daughter inside the vehicle around 19:30 hrs when they arrived at their residence and their security guard opened the gate to allow them inside.
“The guard opened the gate and I drove in, switched off the engine, turned off the light and my wife stepped out with her handbag and went to the back of the vehicle to get our day’s sales which was in a bag. Just as she did so, three guys stepped out armed with guns and a knife and rushed at us. This commotion lasted about three to four minutes and the men rode out on bicycles into the dark,” said the businessman.
Persaud stated that the men asked him to lift his shirt to ascertain that he was not carrying a firearm before they ordered the three Persauds to lie on the floor while they escaped.
He said that when he realised they were riding out on the street he jumped into his vehicle and followed the culprits in the dark surroundings. He managed to follow one man who was riding and hit the bicycle.
“I traced one on a bicycle and knocked him down with the bicycle. The bicycle was bent up and my car also got some damage at the front. But when I came out my vehicle the man got away because I didn’t get to see where he jumped and escaped since the area was very dark,” Persaud recounted.
Police ranks arrived on the scene about 15 minutes after the ordeal took place and are said to be investigating the matter.
This is the second robbery in one month since earlier in May bandits struck at Persaud’s business place. (Kristen Macklingam)
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